Regulations and Government
Russia Sanctions Spotlight Need for Aircraft Due Diligence
NBAA is stressing that aircraft buyers and sellers need to fully vet transactions to make sure they do not involved sanctioned Russian parties.

NBAA is advising that the Russia/Ukraine conflict and the associated international sanctions highlight the importance of buyers, sellers, and air carriers to fully conduct due diligence before moving forward with transactions. Noting that the U.S. and many other countries are now focused on seizing aircraft and other assets of sanctioned Russian entities, NBAA said buyers must have accurate ownership histories to ensure they are not connected with such entities. Additionally, sellers need to be aware of who they are selling to, given restrictions on exports to Russia.


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